Jan 29 (Reuters) - Westlife Foodworld WEST.NS, the operator of McDonald's MCD.N in India, reported a 59% drop in third-quarter profit on Wednesday, as cost-conscious consumers cut back on discretionary spending amid still-high food prices.

The restaurant operator's consolidated profit after tax stood at 70.1 million rupees ($810,123.66) for the three months to Dec. 31, lower than 172.5 million rupees a year ago.

($1 = 86.5300 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank Dhaniwala)

((Ananta.agarwal@thomsonreuters.com;))